Forex Amerobot V1 1 MQ4
Forex Amerobot V1 1 MQ4 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. This copy is version 1.1. Its source code uses ZigZag. It places pending orders and can size trades from your risk. It has 9 settings, for example Lot (default 0.1), Money Management (default FALSE) and Max Risk (default 2.0). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. Inside: 2 EA files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Expert advisor · MT4 · v1 · Free
About Forex Amerobot V1 1 MQ4
Forex Amerobot V1 1 MQ4 is an expert advisor (trading robot) for MetaTrader 4 based on ZigZag. It places pending buy/sell stop or limit orders and can size trades from your balance and risk percent. It has 9 settings, such as Lot, Money management and Max risk. MQL source code included.
Files in the download: forex_amerobot_m15_v1_1_decompiled.mq4, forex_amerobot_m30_v1_1_decompiled.mq4.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Lot | 0.1 | Trade size in lots |
| Money management | FALSE | |
| Max risk | 2.0 | Risk per trade (percent of balance) |
| Buy profit | 110 | |
| Buy loss | 50 | |
| Sell profit | 65 | |
| Sell loss | 50 | |
| Magic 1 | 101168 | Magic number that tells this EA's orders apart |
| Magic 2 | 101169 | Magic number that tells this EA's orders apart |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Experts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: Pending Orders · Risk & Lot Size · ZigZag · MT4 Expert Advisor · MQL4 Source Code